TechFin and ancillary service definitions govern registered providers, intermediary arrangements, service recipients, group entities, and excluded services. TechFin and Ancillary Services are defined as technology solutions or support services that directly or indirectly aid arrangements for specified ... Summary
International Financial Services Centres Authority Act, 2019
TechFin and ancillary service definitions govern registered providers, intermediary arrangements, service recipients, group entities, and excluded services.
TechFin and Ancillary Services are defined as technology solutions or support services that directly or indirectly aid arrangements for specified financial services. A registered TechFin and Ancillary Service Provider may supply scheduled services for that purpose but cannot undertake services included in the Third Schedule. Intermediary arrangements require demonstrable and traceable service flows, with both service stages facilitating specified financial services carried on by the Service Recipient. Group Entity relationships include parent-subsidiary, joint venture, associate, common-brand, qualifying equity or capital contribution, and network relationships.
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